Loans Receivable and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2018

Loans Receivable and Allowance for Loan Losses

Schedule of components of loans receivable

	June 30,		December 31,
(Dollars in thousands)	2018		2017
Real estate loans:
First mortgages:
One- to four-family residential	$	1,490,465	$	1,444,625
Multi-family residential		10,626		10,799
Construction, commercial and other		24,549		21,787
Home equity loans and lines of credit		12,074		12,882
Total real estate loans		1,537,714		1,490,093
Other loans:
Loans on deposit accounts		281		274
Consumer and other loans		4,207		4,340
Total other loans		4,488		4,614
Less:
Net unearned fees and discounts		(3,196)		(3,188)
Allowance for loan losses		(2,614)		(2,548)
Total unearned fees, discounts and allowance for loan losses		(5,810)		(5,736)
Loans receivable, net	$	1,536,392	$	1,488,971

Schedule of activity in allowance for loan losses by portfolio segment

			Construction,		Home
			Commercial		Equity
			and Other		Loans and
	Residential		Mortgage		Lines of		Consumer
(Dollars in thousands)	Mortgage		Loans		Credit		and Other		Unallocated		Totals
Three months ended June 30, 2018:
Balance, beginning of period	$	1,720	$	530	$	1	$	49	$	254	$	2,554
Provision for loan losses		34		17		—		2		7		60
		1,754		547		1		51		261		2,614
Charge-offs		—		—		—		(7)		—		(7)
Recoveries		6		—		—		1		—		7
Net recoveries (charge-offs)		6		—		—		(6)		—		—
Balance, end of period	$	1,760	$	547	$	1	$	45	$	261	$	2,614
Six months ended June 30, 2018:
Balance, beginning of period	$	1,721	$	539	$	1	$	55	$	232	$	2,548
Provision (reversal of provision) for loan losses		33		8		—		(1)		29		69
		1,754		547		1		54		261		2,617
Charge-offs		—		—		—		(12)		—		(12)
Recoveries		6		—		—		3		—		9
Net recoveries (charge-offs)		6		—		—		(9)		—		(3)
Balance, end of period	$	1,760	$	547	$	1	$	45	$	261	$	2,614

			Construction,		Home
			Commercial		Equity
			and Other		Loans and
	Residential		Mortgage		Lines of		Consumer
(Dollars in thousands)	Mortgage		Loans		Credit		and Other		Unallocated		Totals
Three months ended June 30, 2017:
Balance, beginning of period	$	1,603	$	564	$	1	$	135	$	237	$	2,540
Provision (reversal of provision) for loan losses		(45)		(8)		—		(78)		8		(123)
		1,558		556		1		57		245		2,417
Charge-offs		—		—		—		(7)		—		(7)
Recoveries		44		—		—		3		—		47
Net recoveries (charge-offs)		44		—		—		(4)		—		40
Balance, end of period	$	1,602	$	556	$	1	$	53	$	245	$	2,457
Six months ended June 30, 2017:
Balance, beginning of period	$	1,594	$	519	$	2	$	115	$	222	$	2,452
Provision (reversal of provision) for loan losses		(56)		37		(1)		(55)		23		(52)
		1,538		556		1		60		245		2,400
Charge-offs		(11)		—		—		(12)		—		(23)
Recoveries		75		—		—		5		—		80
Net recoveries (charge-offs)		64		—		—		(7)		—		57
Balance, end of period	$	1,602	$	556	$	1	$	53	$	245	$	2,457

Schedule of balance in allowance for loan losses and recorded investment in loans by portfolio segment and based on impairment method

			Construction,		Home
			Commercial		Equity
			and Other		Loans and
	Residential		Mortgage		Lines of		Consumer
(Dollars in thousands)	Mortgage		Loans		Credit		and Other		Unallocated		Totals
June 30, 2018:
Allowance for loan losses:
Ending allowance balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,760		547		1		45		261		2,614
Total ending allowance balance	$	1,760	$	547	$	1	$	45	$	261	$	2,614
Loans:
Ending loan balance:
Individually evaluated for impairment	$	2,851	$	—	$	156	$	—	$	—	$	3,007
Collectively evaluated for impairment		1,495,123		24,453		11,922		4,501		—		1,535,999
Total ending loan balance	$	1,497,974	$	24,453	$	12,078	$	4,501	$	—	$	1,539,006
December 31, 2017:
Allowance for loan losses:
Ending allowance balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,721		539		1		55		232		2,548
Total ending allowance balance	$	1,721	$	539	$	1	$	55	$	232	$	2,548
Loans:
Ending loan balance:
Individually evaluated for impairment	$	4,977	$	—	$	165	$	—	$	—	$	5,142
Collectively evaluated for impairment		1,447,326		21,701		12,722		4,628		—		1,486,377
Total ending loan balance	$	1,452,303	$	21,701	$	12,887	$	4,628	$	—	$	1,491,519

Schedule of balance of impaired loans individually evaluated for impairment by class of loans

			Unpaid
	Recorded		Principal
(Dollars in thousands)	Investment		Balance
June 30, 2018:
With no related allowance recorded:
One- to four-family residential mortgages	$	2,851	$	3,426
Home equity loans and lines of credit		156		226
Total	$	3,007	$	3,652
December 31, 2017:
With no related allowance recorded:
One- to four-family residential mortgages	$	4,977	$	5,897
Home equity loans and lines of credit		165		228
Total	$	5,142	$	6,125

Schedule of average recorded investment and interest income recognized on impaired loans by class of loans

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(Dollars in thousands)	Investment		Recognized		Investment		Recognized
2018:
With no related allowance recorded:
One- to four-family residential mortgages	$	2,869	$	13	$	2,892	$	27
Home equity loans and lines of credit		158		—		160		—
Total	$	3,027	$	13	$	3,052	$	27
2017:
With no related allowance recorded:
One- to four-family residential mortgages	$	4,205	$	18	$	4,239	$	31
Home equity loans and lines of credit		178		—		180		—
Total	$	4,383	$	18	$	4,419	$	31

Schedule of aging of loans and accrual status by class of loans

															Loans
															More Than
															90 Days
	30 - 59		60 - 89		90 Days or										Past Due
	Days Past		Days Past		Greater		Total Past		Loans Not		Total		Nonaccrual		and Still
(Dollars in thousands)	Due		Due		Past Due		Due		Past Due		Loans		Loans		Accruing
June 30, 2018:
One- to four-family residential mortgages	$	—	$	1,298	$	853	$	2,151	$	1,485,214	$	1,487,365	$	1,945	$	—
Multi-family residential mortgages		—		—		—		—		10,609		10,609		—		—
Construction, commercial and other mortgages		—		—		—		—		24,453		24,453		—		—
Home equity loans and lines of credit		—		—		41		41		12,037		12,078		156		—
Loans on deposit accounts		—		—		—		—		281		281		—		—
Consumer and other		3		—		—		3		4,217		4,220		—		—
Total	$	3	$	1,298	$	894	$	2,195	$	1,536,811	$	1,539,006	$	2,101	$	—
December 31, 2017:
One- to four-family residential mortgages	$	—	$	1,207	$	1,589	$	2,796	$	1,438,725	$	1,441,521	$	4,062	$	—
Multi-family residential mortgages		—		—		—		—		10,782		10,782		—		—
Construction, commercial and other mortgages		—		—		—		—		21,701		21,701		—		—
Home equity loans and lines of credit		—		—		41		41		12,846		12,887		165		—
Loans on deposit accounts		—		—		—		—		274		274		—		—
Consumer and other		4		—		—		4		4,350		4,354		—		—
Total	$	4	$	1,207	$	1,630	$	2,841	$	1,488,678	$	1,491,519	$	4,227	$	—

Summary of troubled debt restructurings by class of loan

	Number of		Accrual		Number of		Nonaccrual
(Dollars in thousands)	Loans		Status		Loans		Status		Total
June 30, 2018:
One- to four-family residential mortgages		4	$	906		4	$	879	$	1,785
Home equity loans and lines of credit		—		—		1		85		85
Total		4	$	906		5	$	964	$	1,870
December 31, 2017:
One- to four-family residential mortgages		4	$	915		5	$	1,074	$	1,989
Home equity loans and lines of credit		—		—		1		92		92
Total		4	$	915		6	$	1,166	$	2,081